Horizon Kinetics Lowers stake in Liberty Broadband Corp (LBRDK)

Liberty Broadband Corp (LBRDK) : Horizon Kinetics reduced its stake in Liberty Broadband Corp by 22.03% during the most recent quarter end. The investment management company now holds a total of 1,604,531 shares of Liberty Broadband Corp which is valued at $109,300,652 after selling 453,479 shares in Liberty Broadband Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Liberty Broadband Corp makes up approximately 2.59% of Horizon Kinetics’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors sold out all of its stake in LBRDK during the most recent quarter. The investment firm sold 14,019 shares of LBRDK which is valued $954,974. Ancora Advisors sold out all of its stake in LBRDK during the most recent quarter. The investment firm sold 35,983 shares of LBRDK which is valued $2,451,162.Mraz Amerine Associates reduced its stake in LBRDK by selling 13 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 6,869 shares of LBRDK which is valued at $434,670. Liberty Broadband Corp makes up approx 0.15% of Mraz Amerine Associates’s portfolio.

Liberty Broadband Corp opened for trading at $68.96 and hit $71.74 on the upside on Thursday, eventually ending the session at $71.42, with a gain of 4.22% or 2.89 points. The heightened volatility saw the trading volume jump to 21,41,192 shares. Company has a market cap of $12,973 M.

Liberty Broadband Corporation holds ownership interests in Charter Communications Inc. (Charter ) and TruePosition Inc. (TruePosition) as well as a minority equity interest in Time Warner Cable Inc. (Time Warner Cable). Charter is a cable operator in the United States and provides advanced video high-speed Internet and telephone service to residential and business customers. TruePosition is a provider of mission-critical location based solutions enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world. Time Warner Cable is a cable operator in the United States offering residential and commercial video high-speed data and voice services over its broadband cable systems.

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